Take Profit Alert
I am closing a position that has reached its take profit target and closely managing 2 other open options trades.
My position with $VLO is up 82.46% with 35 days left to expiry so it makes sense to take profit and close this trade.
I am also keeping an eye on my positions with $DDOG and $QQQ where RSI crossed below 70 on 2/9 at 12:30. This bearish event means the price has fallen out of "overbought" territory and we may be seeing lower prices ahead. Over the last 14 bars, gains on up periods are no longer overwhelming losses on down periods to the same extent as before.
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